Slight change in Cashback calculation of Axis Ace CC from 26.JUL.2023

[hiraktalukdar]

I have observed a slight change in Cashback calculation of Axis Ace CC from 26.JUL.2023. Previously, they used to use Round(CB) formula but now, (just like other banks) they are using Floor(CB) formula.

So, previously if you spend 125/-, your CB would be Round(2% of 125) = Round(2.5) = 3/- but now it would be Floor(2% of 125) = Floor(2.5) = 2/-. To get 3/- CB, you have to spend at least 150/-.

Also, previously they used to give CB for <100/- spends. I am not sure what will happen now. I will keep you posted on this.

 

[D₹V]

Wah 🫡

 

[iamabhisekagar]

Lagta h Amitabh chacha ki salary km pad rhi h

 

[falcon007]

Sidhe sidhe 2% of actual spends dete CB.

Unnecessarily used Round, Floor, Rounddown and what not.

 

[iamabhisekagar]

Sidhe sidhe 2% of actual spends dete CB.

Unnecessarily used Round, Floor, Rounddown and what not.

Chawanni saved is Chawanni Earned (as salary)

 

[Deleted member 11974]

Chawanni saved is Chawanni Earned (as salary)

50 paise saveed on every small transaction increases their profits by 100 crores minimum

 

[iamabhisekagar]

50 paise saveed on every small transaction increases their profits by 100 crores minimum

Athanni Katega to dividend batega (to shareholders)